A Few Options to Explore:1.

As you plan for property #2, here are a few key moves that helped me early in my journey (now 10+ years in):Track everything on your current property.

Most likely a turn key rental property will lack a value-add component/ability to create equity like you can here in the DMV, and there are some great options here locally in Arlington/Fairfax County/Loudoun County, etc. that would be excellent to help create some portfolio architecture.

Unfortunately, I am not a pro member and cannot see the model that you posted, but I'd be happy to help in any way I can!

There are lots of people willing to help here.

Appreciate any insight or contacts:I own a fully permitted triplex in San Jose (converted from a single-family home less than 1.5 years ago)Current appraised value: $1.45M (Redfin estimate $1.65M)Mortgage balance: $1.01M at 7.5% interestDTI is high (around 88%) due to the mortgage, though I have rental income that helps offsetIf counted, rental income would bring down my DTI to 58%Rental income hasn’t been on two years of tax returns yetGoals:Ideally looking for a HELOC to consolidate high-interest debt and bridge into my next home purchase (I'll be selling this property in order to buy this next primary)Open to DSCR cash-out refi, but wondering if lenders allow DSCR products when I still live in one unit of the triplexExploring private lending or creative options if traditional lenders can’t work with my DTIIf anyone has lender suggestions, brokers, or has been through a similar scenario, I’d appreciate the help.Thanks in advance! 

This will also help you figure out the third thing, and perhaps the most important: Financing.

Talk to an Ohio Real Estate or Construction AttorneyEven just an hour of advice can help you respond properly and protect yourself if they try to file a lien.

If you’re planning to have kids soon, then I’d look at the condo option.

That would be option #1, option #2 is hire a bookkeeper.